Division in banking sector sharpensVietNamNet Bridge - While some commercial banks report increased mobilized capital, other banks have had to raise deposit interest rates, demonstrating the divide in the banking sector, analysts say. However, some banks have still set deposit interest rates at high levels of 7.9-8 percent. In addition, they have run promotion campaigns in which depositors can enjoy additional interest rates of 0.5-0.7 percent per annum. They accept low interest rates and refuse high interest rates offered by banks they believe are ‘less prestigious’. RELATED NEWSThe hallmarks of the banking sector in 2017State-owned bank also hires foreign CEOsNam Mai

Source: VietNamNet News March 13, 2018 01:07 UTC